Since its launch in 2017, Binance Coin (BNB) has grown. Crypto enthusiasts have begun trading it on exchange platforms and use it to purchase online goods or services that accept cryptocurrencies. Also, in the gambling world of online casinos and sportsbooks, many include digital currency as a payment option, and some even are exclusively crypto. For those looking to bet with BNB, our main objective is to highlight some of the best Binance gambling casinos. So, you can choose a Binance casino that suits your needs.
It’s no surprise that the world of online casinos are increasingly warming up to this coin as it’s growing to the point of being in competition with major altcoins like Ethereum. But how can you purchase this coin and which online casinos include it as a payment method? If you don’t know anything about BNB, we will give a little background information on the coin. This information will cover what BNB is, where and how to buy it, transaction fees and speed, and how the Binance smart chain casino works. So, whether you would like to gamble with or invest in the coin, this is your place.
Binance Coin (BNB) is a cryptocurrency that is a native asset of the Binance exchange.
You can sign in or sign up on the Binance exchange platform, deposit funds and search for BNB. Then you’ll be able to invest the amount of your choice in this cryptocurrency.
✅ Yes, more and more online casinos include BNB as a payment option as it is growing and gaining recognition from crypto investors.
BNB charges a small fee on withdrawals. This fee is determined by the blockchain and changes from time to time. At the moment the fee is around 0.0005.
Binance Smart Chain (BSC) or BNB Chain is a decentralized blockchain designed to run smart contract applications.
Online casinos such as 888Starz accept BNB as a payment option. You can register on their sites and bet with BNB.
Binance US is the US-only exchange that is more restricted, has higher fees, and supports fewer cryptocurrencies than Binance.
✅ Yes, casinos such as True Flip have great bonus offers such as Weekly 10% Cashback that you can take advantage of.
Binance Casino Coin – What is BNB?BNB is a digital currency that you can use to trade and pay fees on the Binance exchange platform. It powers the Binance Coin chain ecosystem and is one of the world’s well-known utility tokens. It was launched a couple of days before the Binance trading platform, and the issue price, compared to one BTC, equated to 20,000 BNB. Today one BTC is equivalent to 97,22 BNB.
This shows how much the Binance coin has grown as crypto investors began to trust, invest and use it. One thing that possibly motivates users to invest in BNB, specifically those who use Binance to trade, is that the trading fees are lower for BNB users compared to Bitcoin and other altcoins. Find out more about it at the best gambling cryptocurrency 2024 article.
Nonetheless, investing in Binance Coin does not give you a share of Binance profits because it is not an investment in Binance. When buying BNB, you are investing in an altcoin. Therefore it will be treated as that instead of a Binance share. Moreover, you can use the Binance Coin for several transactions on various platforms, including:
Binance Coin Transactions Fees and SpeedInvesting in BNB on the Binance exchange comes with the privilege of enjoying higher discounts on trading fees. These become even less when you are a part of the exchange’s VIP program. Some trading fee discounts include 25% off Spot Trading and 25% off USDⓈ-M Futures.
There’s not much cost to worry about when it comes to deposit and withdrawal fees. Binance doesn’t charge deposit fees, so you can fund your account using any supported payment options without being charged. However, depending on the payment option, the provider may charge you. Then a small fee determined by the blockchain is charged for withdrawals. This fee changes from time to time due to certain factors like congestion. The most recent data on withdrawal fees showed a fee of 0.0005 on BNB.
There is a fast pace when trading BNB on Binance. This is because the platform supports over 1.4 million orders each second. Therefore, using the coin at a Binance casino is not a hassle, whether depositing or withdrawing. Like many other cryptocurrencies, you can deposit and withdraw BNB instantly on many online crypto casinos.
Where Can You Buy Binance Coin?Even though the BNB native exchange has a relationship with many other coins, like the Binance and Solana (SOL) relationship, its token does not have many outside the platform. Binance coin is not offered on many exchanges since it’s the primary asset of Binance. Though that may be so, some trading platforms list the coin on their platforms. Other than Binance, you can find BNB on:
Since BNB runs on its blockchains, if you would like to invest using DEXs, you have to use exchanges on the Binance Smart Chain. These include:
To connect to these DEXs, you have to use wallets like Trust Wallet or MetaMask, which support the Binance Smart Chain.
Pros and Cons of Binance GamblingLike with any other cryptocurrency and other forms of payment, there are great benefits to integrating an online casino with Binance Coin. On the other hand, some things may be an inconvenience to players. To depict what these good and bad look like, we have listed the pros and cons of casino Binance below.
Pros:
Cons:
Binance Smart Chain CasinoBinance Smart Chain (BSC) was introduced three years after Binance and BNB. It’s a DApp platform for crypto users. In February 2021, its active and full transaction wallets amounted to 50,000 and $15 billion, respectively. Then in 2022, BSC rebranded to BNB Chain, where BNB stands for “Build and Build.” BNB Chain is made up of BSC and Binance Beacon Chain. It’s where smart contracts get together and serve as a hub to access other blockchains.
Also, the platform has grown up to the point of competing with the Ethereum network and other layer one blockchains. Moreover, since its rebrand, BNB Chain promises users that it will be forever decentralized, grow bigger than Binance, be open and multi-chain, available to creators and investors, and permissionless. So, the BSC casino is a decentralized gambling platform based on BSC. It supports automated payouts and various games for users to play.
Since BSC or BNB Chain was created due to the lack of smart contracts and strong programmability of Binance Chain, these two work in parallel. As you can imagine, BNB Chain features smart contracts and is compatible with the Ethereum Virtual Machine. BSC has increased the competition that you will also find, Binance vs. Avalanche (which also runs smart contracts and decentralized blockchain) comparisons. The smart contract was brought to the Binance ecosystem, which increased new projects. Moreover, it has lower transaction costs than the Ethereum network.
BSC has a block time of three seconds, and like Binance Chain, its native asset is BNB. Blockchain validators can receive fees when they stake BNB. Also, you can use the Binance Chain wallets to swap BEP-2 and BEP-8 tokens (from Binance Chain) for BEP-20 tokens from BSC. However, to play at BSC casinos, you must install MetaMask on your browser and then use BNB tokens for payments. Though prices are lower, you can get access to quality games or come across a favorite Binance casino like BetFury.
Here are some of the Binance Smart Chain casinos you place bets on:
Best Binance Crypto CasinoBinance Coin has a daily volume that makes it one of the leading altcoins in the crypto market. Due to crypto investors’ increasing support and acceptance, BNB has become a popular payment option in online casinos. The number of these casinos has drastically increased internationally, and you’ll find a Binance casino wherever you are. Since there are many, we have listed a few casinos so that you can select a BNB crypto casino of your choice.
The list below shows online casinos that accept BNB as a payment option and some of their best features.
Binance Casino GamesYou may find that the Binance casino coin is not as popular with online gambling as Bitcoin. However, when you have found a Binance casino, you’ll get access to many games. As you may have noticed on the list we provided for you to find the best Binance casino, the number of games offered varies from 500 to over 4,000 casino games. This is because it should not only be about anonymity and low costs when it comes to gambling in Binance crypto casino but also fun and exploration.
When you enter an online Binance casino, you’re most likely to find a long list of options. You’ll find traditional casino games and prestigious, more modern titles. Some also feature lotteries and massive crypto jackpots. Betting sites try to be as inclusive as possible to accommodate veteran and new users equally, and they also consider other characteristics like age and locations. These are all done to ensure that you enjoy your casino coin Binance style. You will find various game types like Binance roulette, slots, live casino, baccarat, poker, and more.
If you’re familiar with playing slots on fiat payment casinos or traditional physical casinos, Binance casino slots are no different. You’ll find the same kind of slot titles, video slots, and 3D slots. They will range from classic slots to more modern titles. The nice thing about gambling with BNB is that you get access to crypto-only bonuses such as free spins and supercharged bets. Some of the popular slots can include:
Roulette is a classic that many bettors enjoy. It is straightforward and, therefore, easy to learn. You can cross your fingers once you throw the ball and spin the wheel, as the odds depend on your luck. It is also available on live casino and video streams. You can choose from various game types such as:
Live casino games are particularly more convenient for BNB bettors. When you run out of funds while enjoying a live casino game, it can take time for a fiat deposit to come through, while crypto deposits take seconds. This way, you can get back to the game and continue placing bets. In a live casino, you can enjoy various table games, including:
ConclusionBinance Coin is not just a form of payment, but it’s a crypto investment that comes with many benefits, including when betting at online casinos. When you invest and exchange BNB on its native platform, you get huge discounts on fees. Moreover, you get access to crypto-only bonuses in online casinos. As if that is not enough, payments are instant, and there are no deposit fees when you fund your account with the Binance token.
Though BNB online casinos are not as popular, once you find one that suits your needs, it won’t be short of any games you usually access on casinos that only take fiat currencies. Other casinos even include a sportsbook. Now you’ll get to enjoy all your favorite games in the comfort of your home, securely and with just the right amount of anonymity.